Bureau Veritas to Divest Oil & Petrochemicals and Coal Business

Bureau Veritas has announced exclusive negotiations with Triton Partners for the sale of its Oil & Petrochemicals and Coal testing and inspection business. This move aligns with the company's LEAP | 28 strategy focused on portfolio rotation and growth in higher-margin sectors. In 2025, the business in question generated revenue of EUR 450 million but showed slower growth compared to other segments within Bureau Veritas.

This strategic divestment marks a significant milestone, advancing the goal of a 20% portfolio rotation since the inception of LEAP | 28. The transaction, valued at EUR 470 million, reflects an EV/EBIT multiple of 11.1x. This sale is anticipated to enhance organic growth, operating margin, and capital return without significantly impacting earnings.

Proceeds from the sale will be directed towards investments in sectors with higher growth potential, as part of the ongoing strategic realignment. Finalization is expected by Q1 2027, contingent upon standard regulatory approvals and consultations.